The giant oil companies are all making record profits, and the price of gasoline at the pump is an indication of how these companies really feel about ordinary folks in this country. It is all about profits and nothing more. Long before Katrina and Rita hit the Gulf Coast, the oil companies were increasing their prices at a record pace. For example, ExxonMobil announced alltime record profits during the last quarter. It is projected that the company’s profits will exceed $10 billion in the current quarter. In fact, their profits had the largest increase ever for a corporation in this country. After the storm first hit, all of the companies quickly used Katrina as an excuse to go even higher with their gas prices. Now we have to deal with the aftermath of Rita. People all over the country are being hurt by corporate greed and are demanding answers. The Bush Administration’s “cozy relationship” with the oil industry could work either for “good” or for “bad.” The Administration could continue to support and protect the companies or they can use their “connections” to secure lower gas prices for the consuming public. It is my hope and prayer that the President will personally intervene and force the oil companies to put people first for a change. Some type of price controls could be the answer.
Contact us today for a free legal consultation with an experienced attorney.
Fields marked *may be required for submission.
If you would like to subscribe to the Jere Beasley Report digital edition, simply visit our Subscriptions page and provide the necessary information or call us at 800-898-2034.
Attorney Advertising - Prior results do not guarantee a similar outcome.